Machina Capital S.A.S. Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Machina Capital S.A.S. raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 82.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,865 shares of the basic materials company’s stock after buying an additional 7,616 shares during the period. Machina Capital S.A.S.’s holdings in DuPont de Nemours were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at about $29,000. Vision Financial Markets LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours in the 3rd quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 0.7 %

NYSE:DD opened at $78.21 on Friday. DuPont de Nemours, Inc. has a 52 week low of $71.29 and a 52 week high of $90.06. The firm has a 50 day moving average of $78.12 and a 200 day moving average of $81.30. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $32.70 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Wall Street Analyst Weigh In

DD has been the subject of several research reports. Royal Bank of Canada lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. BMO Capital Markets upped their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.